Retirement plan

MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN

Name: MAGNUM ENGINEERING AND CONTROLS - MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN (2017) Form 5500
Creator: MAGNUM ENGINEERING AND CONTROLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN, MAGNUM ENGINEERING AND CONTROLS

MAGNUM ENGINEERING AND CONTROLSEIN 74-2953381Plan #001PY 2017

24 COMMERCIAL PLACE - SCHERTZ, TX 78154210-658-5351

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.3M

+20.7% from 2016

Total participants

168

-22.2% from 2016

Average account balance

$37,408

+55.2% from 2016

Annual return

16.83%

+9.91 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.71M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$130K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

61.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$696K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$4255

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$26,589
LPL FINANCIAL1 year Service code 26 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Advisory (Participants)	$15,271
INWEST RETIREMENT SOLUTIONS1 year Service code 15 · EIN 75-2408441	Recordkeeping	$5,739

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$42K

$315 / participant

Investment mgmt$27K64.1%
Contract admin$6K13.8%
Other / not subdivided$9K22.1%

% of EOY assets

0.661%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SOL SCHWARTZ & ASSOCIATES PC
Auditor EIN: 742392222
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,408

$80,753-53.7%

$136,298-72.6%

$62,293-39.9%

Participation rate

100.0%

73.5%+26.5pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

16.83%

35.83%-19.0pp

5156.27%-5139.4pp

28.90%-12.1pp

Employer contribution / active EE

$1,364

$2,884-52.7%

$4,696-71.0%

$2,042-33.2%

Participant deferral / active EE

$4,634

$5,164-10.3%

$6,247-25.8%

$3,169+46.2%

Admin fee / account holder

$247

$525-52.9%

$9,244-97.3%

$479-48.4%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$26,589

LPL FINANCIAL1 year

Service code 26

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Advisory (Participants)

$15,271

INWEST RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 75-2408441

Recordkeeping

$5,739

MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion